March 2017 Net Worth Update

 

This is my official March 2017 Net Worth Update. Below are my actual numbers for ALL my investments and liabilities as of 03/29/2017. Detailed explanations and a quick summary can be found below. If you would like to see my previous months net worth posts, please visit my Net Worth Tracker.  I have been tracking my net worth monthly since May 2015.  If you want to learn how to track your net worth then check out how I am doing it.

How To Track Net Worth

 

net worth update march 2017

 

 

TOTAL NET WORTH: $521,617

Quick Summary and comments: +$20,614

 

Life is good!  First off let me just show you the view I have right now while I am writing this. (picture below)  Its amazing!  My wife and I flew back to Austin this past week to attend a wedding for one of our best friends.  We will be here for a few more days before we head back to Indy.

lake travis austin texas

My view while I write this blog post at Lake Travis, Austin, TX

My net worth took a big increase this month and life in general is just overall going really well for me right now.   The best thing about keeping track of your net worth each month is the feeling you get when you see significant gains in your net worth.  Most of my gains this past month were in my cash position.   I cashed out on some stock options late last month and had not yet received the check for it until earlier this month.   If it wasn’t for that, this update would have been pretty much stagnant.

The next 4 to 6 weeks is going to be very busy as we will be doing a lot more travelling.   Being able to travel as much as we do keeps life very entertaining for us and we just love building new experiences together.  Next week we will be going back to the east coast to eat some crabs in Baltimore, MD and in about 3 weeks we will be heading out to Washington state for some fishing.   Its going to be exciting!

Real Estate Investing Update:   I am officially looking for my next rental property.  I have been analyzing every deal sent to me by wholesalers, scouring the MLS for any potential deals and even driving for dollars all around Indy.   It’s getting much harder to find deals around here.  At least the kind of deals I am looking for.  I am very picky about the houses that I buy and right now, I just can’t seem to find what I want.  All hope is not lost though, it could take months before I find the next deal that is right for me.  I will be patient and just continue to grow my funds until the next one.

Okay enough about that, lets jump into my net worth categories.

Assets: Explanations of each of my assets.

Cash:=+$21,474

I sold a good portion of my stock options late last month as it reached an all time high.  I didn’t think this stock would get this high so I was very happy with cashing some out.   I don’t need the cash but wanted to take advantage of the profits gained.  I have a lot of cash sitting around right now which is abnormal however I will be using this cash to purchase my next rental property.

My cash as noted above in the spreadsheet consists of my wife and I’s checking account and my REI (Real Estate Investing) checking account.   Very Satisfied!

HSA account: +$146

Slight increase in my HSA account from my paycheck contributions. Nothing crazy.

My HSA deductible is $1300 for the year and I have close over $5k in this account so with that being said, since I am maxed out already with my yearly deductible, I don’t see a need right now for depositing more funds.  I am only taking a very small amount out from my day job paycheck to fund this account. Any money after that deductible will just sit in that account not making me money. I know I can use the money that I don’t put in there to get better returns as long as I invest it in more real estate. This number should increase each month a tiny bit.   Satisfied!

Company Stock Options: -$646

Slight decrease in my stock options as they reached all time highs last month which is what led to my big cash increase.  I still have about $38k left as of today and I am supposed to be getting another free 250ish shares in September of this year which would be about a $10k increase.  It’s basically free money so I super happy about these.

These are stock options from my day job. I am fully vested.    Satisfied!

Stock Portfolio: $1,59

My stock portfolio is built of precious metal mining stocks.   It has been a roller coaster ride with these as expected. I saw a little decrease in these this past month as I did the last month.    I’m not too worried about what these do in the short-term.  I’m in it for the long haul on these as I think it’s just a matter of time before the precious metal sector takes off.    Overall I am still profiting from these stocks as I bought them for dirt cheap.

I bought all my shares using tradeKing.         Satisfied!

401K: +$81

I made an executive decision awhile back to take money out of my 401k and no longer contribute any more money to it. Mainly because I do not get matched contributions from the dreadful day job. But also because I KNOW I can make better returns using that money on rental properties.    Any movement you see in this asset is only from market fluctuations.   I am not able to withdraw the remaining amount in here until I quit my job.   I really don’t like the idea of having an account that punishes me to take money out because of age. Satisfied! March 2017 net worth update

Property # 1 (Indianapolis, IN)

My primary residence in Indianapolis.  This was originally a turnkey property I bought back when I lived in Austin.     I bought this house for $67k almost 2 years ago.    I moved into this rental because I love the location, the size of the house and because my mortgage on it is less than half of what I was paying when I was living in Austin, TX.    Super Satisfied!   Here are more details on when I originally bought this one as a rental property.

Property # 2 (Austin, TX)

Rent paid on time (early actually again) and no repair requests.   The perfect tenants as far as I’m concerned.   I screened them myself and I am proud.   🙂    This is the property I self manage in Austin.   Even now that I live in Indy, I will continue self managing this one.  I think I can do it from afar and if in the future I realize that I can not continue being my own property manager, then I will probably just find a PM to handle it.   So far everything is going great.  I have not heard a peep out of them and they locked in for a 2 year lease so I’m hoping this one is a cash cow for a long time.

This is my first rental property. It used to be my primary residence at one point. I expect gradual appreciation from this property because it is in the suburbs Austin which has been growing tremendously.  Love me some HOT markets!           Satisfied!

Grow your net worth today with your FREE Personal Capital account.

Property # 3 (Indianapolis, IN)

Rent paid on time and one $175 repair made for some exterior damage on the house.  Seems like a fluke repair.  Pricey but I am all about maintaining my properties.

This is my first turnkey rental property I purchased out-of-state in Indianapolis. I do not expect much appreciation on this property. I purchased this for CASH FLOW purposes only. Satisfied!

Property # 4 (Indianapolis, IN)

Rent paid on time.  Things are going well with this one and the tenant recently renewed the lease going now on his 3rd straight year.   Talk about awesome!!    This property was the one that  I fired my property manager from originally when I first bought it as a turnkey rental properly.    Since I switched PMs, the tenant is happy, the PM is happy and I am happy.   Everything is great with this one.

This my 2nd turnkey rental property in Indianapolis I do not expect much appreciation on this property. I purchased this for CASH FLOW purposes only. Satisfied!

Property # 5 (Austin, TX)

Mortgage paid on time. No issues. This is a note that I own from a house that I sold via owner finance in the Austin area.  If you notice though, the reason why this asset will continue to go down from the spreadsheet above is because it is a note and the principal balance on it goes down each month as the buyer pays me. Remember, I’m the lender on this one. Satisfied!

Property # 6 (Independence, MO (KC))

Rent paid on time and no repairs on this one either.    This is the last turnkey rental property I purchased located in the Kansas City area.  I bought this in late October 2015. I purchased this property also for CASH FLOW purposes only. I am not expecting appreciation gains on this one. Satisfied!

Property # 7 (Indianapolis, IN)

Rent paid on time and no repairs on this one.  The lease on this one is set to expire in June 2017, so 3 months from now however the tenant has already reached out to my PM about extending another year.  This one was the one I wanted to convert to an airBnb but if the tenant wants to stay I am going to have to let him.   The tenant has been great so far and I don’t want to ruin that.  Easy cash flow baby!!

I bought this rental property from a wholesaler here in Indy after I moved here.  I paid this one in cash and it came with a properly screened and paying tenant which was great.  The property needs some fixing up however I won’t mess with it until after the tenant moves out or submits repairs.   This is the one I really want to convert to an AirBnB.

Property # 8

Rent paid on time and no repair requests.  Life is good!

I bought this house from a wholesaler here in Indy for $65k in a very popular Indy neighborhood back in late October 2016.   I finished the rehab on this one in late November/early December 2016 and got it rented out for $950 just in time for Christmas.   December is not easy to find a qualified tenant.  Not only did my property manager find a qualified tenant but the tenant signed an 18 month lease so that we both don’t have to deal with a vacancy/move in December again.  Talk about a Christmas miracle!!!




Liabilities: These are self-explanatory so I wont dive too deep into these however I would like to include the items below for informational purposes.

Credit Card

I only use one credit card (rewards card) that I use to purchase my everyday expenses. I pay this off in full every month. I am receiving 1.5% cash back on this card and am very pleased with it. Satisfied!

 

Last 30 days net worth graph from Personal Capital

I really do love this chart, it looks great and its nice and big.   This month is pretty stagnant except at the end there when I sold some stock options.  I haven’t received the check yet for that sale so it looks like I lost money.   😐    Good stuff!

 

If you want to set up and track your net worth online like I do, create a FREE account at Personal Capital.

There you have it folks! How was your month? Subscribe here if you would like to receive emails on future posts including more net worth updates.

Please show some love by sharing this article.

Cash Flow Diaries

14 Comments

  1. Man, great job with all of those income properties! It’s gotta be tough being your own PM, but it certainly increases your revenue without the extra fees.

    • Thanks MrsPP! Luckily the house I pm is super low maintenance. They have yet to put in a repair call and pay on time every month. Have been extremely lucky with them so far.

  2. Impressive numbers!

    I’m curious to hear how you think about balancing the pros/cons of searching for the perfect house. Obviously you are spending a lot of time (which is valuable), as well as losing out on some potential gains by delaying a couple months. If it we just a matter of paying a few thousand dollars more for the property, I would take that every time. How about you? If it isn’t price, what is the biggest thing you are looking for that you can’t find?
    Brian – Rental Mindset recently posted…Why Are So Many Rental Property Investors Engineers?My Profile

    • Hey Brian! I have always been picky about my properties and it has taken me months to find some of my previous ones so im not doing anything out of the ordinary. For an asset I plan on holding on to pretty much forever, I need to make sure I am happy with it and that it fits my criteria. I would be willing to wait however long it takes for the right investment. I do realize I could be missing out on some potential gains but it would be minuscule compared to the long term investment I am looking for.

      As for what Im looking for, its a combination of price/location/house features/rehab needed. So far ive only been looking for about a month if not less so im not too worried about it yet. I have a feeling I will find something soon.

    • Thanks Graham! I went to the Orioles Yankees game yesterday in Baltimore and ate some crabs after. I loved it!

    • Dang it!! Good catch! I checked that three times before posting it also to make sure it wasnt messed up. LOL!

Leave a Reply

Your email address will not be published. Required fields are marked *

CommentLuv badge